Solana trading glossary
The words you meet before you buy a Solana token
30 terms, each explained in plain English, with why it matters before a trade and where NAVI shows it. Most of them are checks you can run on any token with the rug check or the holder bubble map.
B
- Bonding curve
- A pricing formula a launchpad uses to sell a new token before it has a normal pool. When the curve fills, the token graduates and its liquidity moves to a DEX pool.
- Bubble map
- A picture of a token's largest holders as circles sized by their share of supply, with lines between wallets that are connected on-chain.
- Bundled supply
- Supply bought at launch by one party through many wallets at the same moment, so the holder list looks spread out when it is really one position.
C
- Concentrated liquidity
- A pool design where each provider places liquidity in a chosen price range, held as a position rather than a shared LP token.
- Contract address (CA)
- The unique on-chain address of a token. On Solana it is the token's mint address, and it is the only reliable way to identify a token.
- Copycat token
- A token that reuses the name, ticker or logo of a better-known token so buyers mistake it for the real one.
D
- Dev wallet
- The wallet that created a token. Traders watch what it holds, whether it sells, and what happened to other tokens it created.
E
- Exit liquidity
- The buyers whose purchases let earlier, larger holders sell at a good price. Being exit liquidity means buying what insiders are selling.
F
- Freeze authority
- The account allowed to freeze any holder's token account, which stops that wallet from selling or moving the token until it is thawed.
H
- Holder concentration
- How much of a token's supply is held by a small number of wallets. The higher it is, the more a few sellers can move the price.
- Honeypot
- A token that lets you buy but stops you selling, or takes most of the sale in fees, so the price chart only goes up until the trap closes.
I
- Insider wallets
- Wallets connected to a token's team or launch, usually funded by the creator or buying before the public, that hold supply at a cost ordinary buyers could not get.
L
- Liquidity pool
- A pair of token reserves on a decentralized exchange that traders swap against. Its size decides how much you can buy or sell before the price moves.
- LP burn
- The liquidity-provider tokens for a pool have been destroyed, so nobody can withdraw that liquidity again.
- LP lock
- Liquidity-provider tokens held in a time-locked contract, so the liquidity cannot be withdrawn until the lock expires.
M
- Market cap vs FDV
- Market cap is price times circulating supply. Fully diluted valuation (FDV) is price times total or maximum supply, including tokens not yet in circulation.
- Mint authority
- The account allowed to create new units of a token. If it is still set, someone can increase the supply at any time; if it is revoked, the supply is fixed.
- Mutable metadata
- A token whose name, symbol, image or links can still be changed, because the metadata's update authority has not been removed.
P
- Price impact
- How far your own trade moves the price in the pool, shown as a percentage of the price before the trade.
R
- Risk score
- A single number that sums up how risky a token looks from a set of measured signals. NAVI's is a score out of 100 with Low, Medium and High levels.
- Rug pull
- When the people behind a token remove its value, by pulling liquidity, printing supply or dumping a large hidden stake, and leave holders unable to sell at a fair price.
S
- Slippage
- The gap between the price you were quoted and the price your swap fills at. Slippage tolerance is the most you will accept before the swap fails.
- Smart money
- Wallets with a record of profitable trades that other traders watch, and sometimes copy, as a signal.
- Snipers
- Wallets, usually bots, that buy a new token in its first blocks of trading so they can sell to the buyers who come after.
- Soft rug vs hard rug
- A hard rug uses a technical power (pulling the pool, minting, freezing) to take value at once. A soft rug is insiders selling down over time and abandoning the token.
T
- Token-2022 extensions
- Optional features of Solana's newer token program. Some, such as transfer fees and a permanent delegate, give the issuer ongoing control over holders' tokens.
- Top 10 holders
- The share of a token's supply held by its ten largest wallets. A quick measure of how concentrated ownership is.
W
- Wash trading
- Trading a token back and forth between wallets controlled by the same party to make volume and activity look larger than they are.
- Whale
- A holder large enough to move a token's price on its own. What counts as a whale depends on the token: a whale in a small memecoin may be a minnow in SOL.
X
- xStocks
- Tokens issued by Backed (acquired by Kraken) that track US stocks and ETFs, such as AAPLx or SPYx, and trade on Solana around the clock.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.
Check the terms on a real token
Paste a Solana contract address or ticker to see its risk score, mint and freeze authority, unlocked liquidity and top-holder share.